Upcoming IPO GMP — issues opening soon
These issues have dates but have not opened yet. A premium quoted before an issue opens is the thinnest reading on the whole site — it is formed on almost no volume, sometimes before the price band is even fixed. Source updated 12 Oct, 12:02 pm IST.
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Upcoming IPO GMP — issues opening soon
| Company | GMP | GMP % | Subscription | Price Band | Lot Size | Type | Issue Size | Open - Close | Allotment | Listing | Listed At | Listing Gain |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shellz India Upcoming | N/A | N/A | N/A | ₹179 - ₹179 | 800 | SME | ₹59.97 Cr | 15 Oct 2026 - 19 Oct 2026 | 21 Oct 2026 | 23 Oct 2026 | N/A | N/A |
| Tonbo Imaging India Upcoming | +₹295 | 42.14% | N/A | ₹700 - ₹700 | 21 | Mainboard | ₹852.18 Cr | 15 Oct 2026 - 19 Oct 2026 | 21 Oct 2026 | 23 Oct 2026 | N/A | N/A |
| Zetwerk Upcoming | +₹17 | 11.26% | N/A | ₹151 - ₹151 | 99 | Mainboard | ₹5012.33 Cr | 15 Oct 2026 - 19 Oct 2026 | 21 Oct 2026 | 23 Oct 2026 | N/A | N/A |
| Bonfiglioli Transmissions Upcoming | +₹170 | 29.01% | N/A | ₹586 - ₹586 | 25 | Mainboard | ₹2533.66 Cr | 15 Oct 2026 - 19 Oct 2026 | 21 Oct 2026 | 23 Oct 2026 | N/A | N/A |
| Sahajanand Medical Technologies Upcoming | +₹40 | 11.63% | N/A | ₹344 - ₹344 | 43 | Mainboard | ₹475.48 Cr | 15 Oct 2026 - 19 Oct 2026 | 21 Oct 2026 | 23 Oct 2026 | N/A | N/A |
| Fusion CX Upcoming | +₹18 | 6.23% | N/A | ₹289 - ₹289 | 51 | Mainboard | ₹702.00 Cr | 14 Oct 2026 - 16 Oct 2026 | 19 Oct 2026 | 22 Oct 2026 | N/A | N/A |
| HD Fire Protect Upcoming | +₹80 | 29.52% | N/A | ₹271 - ₹271 | 55 | Mainboard | ₹712.31 Cr | 13 Oct 2026 - 15 Oct 2026 | 16 Oct 2026 | 21 Oct 2026 | N/A | N/A |
| Ravita Engineering Services Upcoming | +₹8 | 7.14% | N/A | ₹112 - ₹112 | 1,200 | SME | ₹116.05 Cr | 13 Oct 2026 - 15 Oct 2026 | 16 Oct 2026 | 21 Oct 2026 | N/A | N/A |
| Vaibhav Vyapaar Upcoming | N/A | N/A | N/A | ₹54 - ₹54 | 2,000 | SME | ₹42.10 Cr | 13 Oct 2026 - 15 Oct 2026 | 16 Oct 2026 | 21 Oct 2026 | N/A | N/A |
Reading upcoming premiums
Treat an upcoming premium as a sentiment marker rather than a number. What is worth reading here is the calendar: which issues open when, at what band, and at what minimum application. A blank GMP column on this page means the source has published no premium yet, not that the premium is zero — this site never substitutes one for the other.
Upcoming IPOs — FAQs
Answered for this set of issues specifically.
Still unclear? Write to contact@papsdigital.com and a person will answer.
Which IPOs are coming soon?
Every issue below has an announced open date that has not arrived yet. The list comes from the same live feed as the rest of the site and updates itself as new issues are announced.
Why do some upcoming IPOs show no GMP?
Because no premium has been published for them yet. That is shown as N/A rather than as zero — a premium of nothing and an unknown premium are different facts, and printing a zero for the second would be inventing data.
Can I apply for an upcoming IPO now?
No. Applications only open on the issue’s open date. Until then the price band and lot size are the figures worth having, so you know the minimum investment before the window opens.
Where these numbers come from
Every figure on this page is a published value from one named source, or N/A. Nothing is averaged, merged, inferred or filled in.
The source
Grey market premium, price band, lot size, subscription and the IPO calendar are read from InvestorGain's public IPO GMP Live report, and post-listing prices from its IPO GMP Performance report. There is no second source and no merged data, so a figure is either that source's published value or it is absent. A field the source has not filled in shows N/A — never a substituted zero.
Two different clocks
"Source updated" is the time InvestorGain itself stamped the row, in IST. "Updated N ago" is how long since we last fetched it. They are not the same measurement and they can disagree: a row fetched ten seconds ago can still carry a premium the source published an hour earlier. When a refresh fails, the page says the figures are delayed rather than presenting the last set as current, and when nothing can be verified it shows no figures at all rather than old ones.
What is arithmetic, not data
Two columns are calculated here rather than fetched, using the source's own stated convention. Estimated listing price is the upper end of the price band plus the current GMP. Estimated listing gain is that premium as a percentage of the issue price. Both are shown only when every input genuinely exists. They are arithmetic on an unofficial number, which makes them an illustration of what the grey market is implying today — not a forecast, and not a claim about what any share will list at.
What this is not
Grey market premium is not an exchange price. It is not published, regulated, verified or endorsed by SEBI, NSE or BSE, and naming a source here is attribution, not a claim that the figure is correct or that either party endorses the other. PapsDigital publishes what the source published, with the time it said it, so you can check it yourself at the links above.
What PapsDigital does after the IPO
A grey market premium tells you what a small, private market is paying today. It tells you nothing about the index you are buying into, where money is moving this week, or whether the setup on your own chart is worth taking. That is what the rest of the platform is for — a workspace for doing your own analysis faster, not a feed of calls to follow.
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Risk disclaimer
IPO grey market premium is unofficial, unregulated information that changes without notice and is not published or endorsed by SEBI, NSE or BSE. Estimated listing prices shown here are arithmetic on that unofficial figure and are indicative only. PapsDigital does not guarantee listing gains, trading outcomes or investment returns, and nothing on this page is investment advice. Securities investments are subject to market risk; please do your own research or speak to a registered adviser before investing.